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Prepayment means early payment of the loan. In simple words, you pay off the personal loan before the allocated tenure. One of the advantages of prepayment of personal loan is that full prepayment means successful closing of a loan account, which means that you have good creditworthiness, and thus, it impacts the credit score positively. To know more visit our website. To know more visit: https://www.afinoz.com/blogs/personal-loan-prepayment
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